Where Next for Global Markets?

As the world moves from restart to recovery, fund managers give their opinions on the next moves for equity and bond markets

Cherry Reynard 7 September, 2021 | 10:52AM
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New York Stock Exchange trading floor

These are confusing times for investors. As the global economy reopened after the Covid-19 shock, it rocketed higher, fuelled by pent-up consumer spending, and businesses with new visibility to hire and invest. More recently, this momentum has started to ebb, suggesting the restart may be over. What happens next?

The answer is important for the shape of investor portfolios. If the restart is drawing to a close, it will no longer support those cyclical companies that led stock markets in the early part of 2021. If inflationary pressures are easing, it may be that the giddy valuations of fast-growing areas such as technology and green energy can be justified.

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About Author

Cherry Reynard

Cherry Reynard  is a financial journalist writing for Morningstar.co.uk.

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